09 December 2017
Sir(s), We receive recently a professional fee invoice as below: ROC filing Fees Rs.30000 CGST @ 9% Rs. 2700 SGST @ 9% Rs. 2700 -------------- Total Rs.35400 We learn the amount credited / paid is over Rs.30000/- we should deduct tds on the professional fee. Now our doubt is whether we have to deduct Tds @ 10% on this bill (i.e on Rs.30000/- @ 10% = Rs.3000/- before GST liability as we know some notification is exist for without considering the tax portion) And note this Auditor is having only one transaction in this year.
Kindly advise us whether we have to deduct TDS on this bill or not (considering the professional fee is only Rs.30000/- not crossing the limit)
09 December 2017
Basic threshold limit is attract only the service payment not for tax amounts as per the clarifications by the board. so basic amount is with in threshold limit TDS wont apply on this bill
CAclubindia
